The article saying that PBY was way off the mark on earnings estimates by CBS MarketWatch is a joke.....PBY already indicated 2 weeks before earnings they were going to experience a one time charge of $96 million in order to implement its cost enhancement program...The real kicker is.....sales actually increased by 2.7% with 38 store closings included. The net loss was $63 million which indicates that operating earnings were a robust $33 million or 66 cents per share vs last years 10 cents a share.The stock is ready to fly.
Sir.....the net loss was 5 million.the original estimate was 60 million in a one time charge.They declared 98 million,stating that they uncovered additional expenses due to the restructure. There were no earnings for the third quarter.Do the math(the difference is the 33 million that you speak of,the 5 million was a direct cash outlay for expenses related to the store closures.)
See message 8520 where I responded to your idiotic "analysis" before. 66 cents/share earnings at this point in time? You're on drugs, buddy (maybe techshorter is the one doing the flying). Now, I'm no financial wizard, but I took the 63m loss, then went back and added the 96m write-off and came up with about 33m earnings before the write-off. Divide that by market cap of 233m shares and I came up with a guesstimate of 14 cents a share had they not decided that 1500 of us were expendable. Now 14 cents/share isn't great, but it would have beat Wall Street estimates of 10 cents/share, and is a damn sight more palatable than a $1.24 loss.
Too many idiots are here Or as I say, Too many fuckin jackass' here. Anywhow, I more or less came up with the same #### and that's the reason I bought more today. We're at an all time low. How the hell can you go wrong buying the stock. If they sell all their properties (buildings) and goods in the stores you would come up with $8 a shr.
As soon as I see EX-EMPLOYEES long story about the shit going on at stores I hit "NEXT" The time to buy PBY is NOW NOW NOW